BUA Chairman Abdul Samad Rabiu rises to Africa’s third-richest billionaire as Dangote retains top spot

Abdul Samad Rabiu, founder and chairman of BUA Group, has emerged as the third-richest person in Africa, while Aliko Dangote has retained his position as the continent’s richest man.

Nigeria launches mining technology hub to boost local mineral processing capacity

Nigeria has launched a dedicated Mining Technology and Resource Innovation UniPod at Nasarawa State University as part of its expanding national University Innovation Pod programme aimed at strengthening local mineral processing and industrial innovation.

United Capital meets SEC recapitalisation deadline ahead of schedule

United Capital Group has completed the recapitalisation of its Securities and Exchange Commission-regulated subsidiaries, more than 14 months ahead of the 30 June 2027 compliance deadline set by the Commission.

Tegbe did not promise to fix Nigeria’s power grid in three months, spokesperson clarifies

The office of the Minister-designate, Joseph Olasunkanmi Tegbe, has dismissed media reports claiming he promised to fix Nigeria’s power grid within three months, describing the reports as inaccurate and misleading.

Nigeria launches CAC ReVOps platform to ease company registration, business filings

Nigeria’s Corporate Affairs Commission (CAC) has introduced a new direct payment system, ReVOps, into its online registration portal in a move aimed at simplifying company registration and corporate filing processes.

BT Group named telecommunications partner for UEFA Euro 2028

BT Group has been confirmed as an official telecommunications partner for UEFA Euro 2028, strengthening the UK telecoms giant’s role in one of Europe’s biggest football tournaments.

Shell posts $6.9bn Q1 2026 earnings amid global energy market volatility

Shell has reported adjusted earnings of $6.9 billion for the first quarter of 2026, citing strong operational performance across its global portfolio despite heightened volatility in commodity markets.

WARC report highlights AI-driven shift in marketing measurement for 2026

WARC has released The Future of Measurement 2026, a new report examining the emerging trends reshaping media and creative measurement as marketers increasingly turn to artificial intelligence and outcome-based strategies to improve decision-making.

Meta expands AI age verification measures to improve teen safety across its platforms

Meta has unveiled new AI-powered age assurance measures aimed at strengthening online safety for teenagers across Instagram, Facebook and Messenger, as the technology company increases efforts to create more age-appropriate digital experiences for young users.

Emirates reports record $6.6bn profit to remain world’s most profitable airline

The Emirates Group has posted record financial results for the 2025–26 fiscal year, with Emirates retaining its position as the world’s most profitable airline despite significant disruption to regional air traffic towards the end of the reporting period.

LG Electronics launches free health insurance cover for Nigerian air conditioner buyers

LG Electronics has expanded its consumer health protection initiative in Nigeria by introducing free comprehensive health insurance for customers who purchase selected air conditioner models.

FirstCap closes ₦4.46bn LAPO bond to boost SME financing and clean energy investment

FirstCap Limited, an investment banking firm and subsidiary of FirstHoldCo Plc, has closed a ₦4.46 billion Series 1 bond issuance by LAPO MFB SPV Plc, in a move aimed at expanding access to long-term capital for key sectors of Nigeria’s economy.

CBN cuts FX interventions by 83% to $150m in April as naira faces pressure

Foreign exchange interventions by the Central Bank of Nigeria (CBN) fell sharply by 83 per cent in April, declining to $150 million and placing renewed pressure on the naira despite improved inflows into the market.

NNPC signs deal with Chinese firms to revive Warri and Port Harcourt refineries

The Nigerian National Petroleum Company (NNPC) Limited has signed a Memorandum of Understanding with two Chinese firms as part of renewed efforts to restart and expand Nigeria’s state-owned refineries in Warri and Port Harcourt.

MasterChef Nigeria: Fads exits competition after judges criticise incomplete dish

In the MasterChef Nigeria kitchen, where precision and execution often outweigh ambition, Fads became the latest contestant to leave the competition following a high-pressure challenge.

Emirates restores 96% of global network as flights resume across 137 destinations

Emirates has announced a near-complete return to operations, with 96 per cent of its global network now restored following a period of disruption.

Presco reports 56% surge in profit to N121.5bn as revenue climbs on strong demand

Presco Plc has reported a 56.1 per cent increase in profit after tax to N121.5 billion for the financial year ended 31 December 2025, driven by stronger market demand and improved production efficiency.

Coinage Fund Management secures SEC licence to expand wealth and portfolio services in Nigeria

Coinage Fund Management Ltd, an Africa-focused investment management firm, has received approval from the Securities and Exchange Commission (SEC) Nigeria to operate as a fund and portfolio manager, marking a key step in its plans to broaden access to professional wealth management across the country.

OPay eyes US IPO at $4bn valuation as Nigeria’s fintech sector gains global momentum

OPay is preparing for a significant move onto the international financial stage, with reports suggesting the Nigeria-focused fintech company is considering an initial public offering in the United States at a valuation of up to $4 billion.

Nigerians hail Tinubu’s nomination of Joseph Tegbe as Power Minister

President Bola Ahmed Tinubu’s nomination of Joseph Olasunkanmi Tegbe as Minister of Power has attracted widespread praise from stakeholders across Nigeria’s business and policy communities, with many describing the decision as a strategic move to strengthen and revitalise the nation’s troubled power sector.

Meta and Google outpace forecasts as Big Tech advertising surges in Q1 2026

Meta and Google delivered stronger-than-expected advertising performances in the first quarter of 2026, outperforming industry forecasts as Amazon held steady and YouTube continued to underdeliver, according to WARC Media’s latest Earnings Debrief.

Promasidor Nigeria marks Workers’ Day by celebrating employees and long-serving staff

Promasidor Nigeria has marked Workers’ Day 2026 by honouring the dedication, resilience and contributions of its employees, describing them as the driving force behind the company’s growth and continued success.

Fiona Ahmed Ahimie makes history as first female President of Chartered Institute of Stockbrokers

The Chartered Institute of Stockbrokers (CIS) has elected Fiona Ahmed Ahimie, Managing Director of First Securities Brokers Limited, a subsidiary of FirstHoldCo Plc, as its 14th President, making her the first woman to serve as President and Chairman of Council in the Institute’s history.

Quest Merchant Bank appoints Ayo Lewis as Executive Director for Risk Management and Compliance

Quest Merchant Bank has appointed Mr Andrew Olufunmilayo Lewis, widely known as Ayo Lewis, as Executive Director, Risk Management and Executive Compliance Officer following regulatory approval from the Central Bank of Nigeria.